As competition for studies among research sites increases, site networks are playing a larger role in the clinical trial industry. There are many reasons why joining a site network would benefit your research site:
1) A site network offers sites an expanded business development team. Network BD teams are focused on funneling competitive studies to sites. Most independent sites must divide their time between conducting awarded trials and gathering new leads - it requires a lot of time! By outsourcing BD efforts, sites are able to access more opportunities and free up time that can be spent on more pertinent things.
2) A site network offers expanded opportunities for sites. Networks are constantly working to build relationships with a wide variety of study sponsors, including smaller and lesser known biotechs. By joining a network, sites profit from these relationships. They gain access to a wider range of sponsors and CROs than would be feasible through individual outreach.
3) A site network provides competitive intelligence. Because they communicate daily with hundreds of industry leaders, site networks are able to alert sites to upcoming study opportunities before they are widely publicized. This information is invaluable as being able to submit early in the feasibility process is one of the best ways for a site to get awarded more competitive studies.
4) A site network centralizes business development efforts. Networks increase efficiency by recommending sites for study leads through a single point of contact. Sponsors love this, because it makes their job easier. Sites love it because it lands them more studies with less effort. Everyone wins!
5) A site network is ideal for new therapeutic areas. Even well established sites have difficulty winning studies in new indications, often because it requires building connections with new and unfamiliar sponsors or CROs. By casting a wider net across the industry, site networks are able to immediately provide study leads in almost any therapeutic area.
6) Sites benefit from a network’s reputation. Site networks become successful because sponsors and CROs view them as efficient and reliable. Therefore, sites that submit through a well-known network often enjoy a competitive advantage over sites that submit to sponsors directly.
7) A site network increases member sites’ visibility. Site networks help create bridges to key sponsors and CROs through constant promotion of their sites’ capabilities and experience. Sites in networks can use this increased visibility across the industry to create new partnerships.
8) Consulting with a network can improve site operations. Many site networks offer standardized operating procedures that sites can implement to enhance their efficiency. Sites can develop new strategies for growth through consultations with a network, benefiting from the network’s wider view of industry trends and practices.
9) A site network helps member sites meet their feasibility deadlines. Sites in networks rarely miss a study opportunity because it got lost in their inbox. Most networks track study leads throughout the feasibility process to site selection, and reach out to sites personally to manage feasibility completion.
Not yet convinced? Watch our webinar on why you should join a site network to learn more about the benefits available: